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Note 5 - Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
5
.
Accumulated
Other Comprehensive Income
 
The following table sets forth our changes in accumulated other comprehensive
income (“AOCI”):
 
   
Three Months Ended
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2017
    
2016
    
2017
    
2016
  
   
(Dollars in thousands)
  
Unrealized gains on available-for-sale marketable securities
1
:
                                
Beginning balance
   $
11,176
     $
5,344
     $
7,730
     $
3,657
  
Other comprehensive income before reclassifications
    
1,778
      
1,156
      
6,201
      
2,559
  
Amounts reclassified from AOCI
2
    
(10,128
 )    
(201
 )    
(11,105
 )    
83
  
Ending balance
   $
2,826
     $
6,299
     $
2,826
     $
6,299
  
                                 
Unrealized gains on available-for-sale metropolitan district bond securities
1
:
                                
Beginning balance
   $
14,825
     $
13,214
     $
14,341
     $
12,058
  
Other comprehensive income before reclassifications
    
7,400
      
73
      
7,884
      
1,229
  
Amounts reclassified from AOCI
    
(22,225
 )    
-
      
(22,225
 )    
-
  
Ending balance
   $
-
     $
13,287
     $
-
     $
13,287
  
                                 
Total ending AOCI
   $
2,826
     $
19,586
     $
2,826
     $
19,586
  
 
 
 
(
1
)
All amounts net-of-tax.
 
(
2
)
See separate table below for details about these reclassifications
 
The following table sets forth the activity related to reclassifications out of
accumulated other comprehensive income related to available for sale securities:
 
   
Three Months Ended
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
Affected Line Item in the Statements of Operations
  
2017
    
2016
    
2017
    
2016
  
   
(Dollars in thousands)
  
Homebuilding: Interest and other income
   $
52,211
     $
555
     $
53,622
     $
817
  
Homebuilding: Other-than-temporary impairment of marketable securities
    
-
      
(215
 )    
(51
 )    
(934
 )
Financial services: Interest and other income
    
-
      
94
      
347
      
94
  
Financial services: Other-than-temporary impairment of marketable securities
    
(29
 )    
(111
 )    
(160
 )    
(111
 )
Income before income taxes
    
52,182
      
323
      
53,758
      
(134
 )
Provision for income taxes
    
(19,829
 )    
(122
 )    
(20,428
 )    
51
  
Net income
   $
32,353
     $
201
     $
33,330
     $
(83
 )